Copenhagen Capital (CPHCAP) Q3 2025 earnings summary

Executive summary

• Executed on the 'DOUBLE 2028' strategy, acquiring three properties valued over DKK 300 million.

• Completed and fully leased rooftop apartments at Ole Suhrs Gade 13-15; Skindergade 40 renovated and re-leased.

• Initiated conversion of a 206 m² unit at Rådmandsgade 45 into two smaller units, with completion expected by year-end.

• Developing a master plan for Heimdalsgade properties, including new commercial and residential space.

Outlook and guidance

• Maintains 2025 primary operating profit guidance at DKK 17.0–19.0 million before property revaluations, debt market value adjustments, and tax.

• Expects positive property revaluations for the full year due to asset management and rent adjustments.

• Raises 2026 guidance by approximately 50% to DKK 24–27 million in primary operating profit, reflecting acquisitions and portfolio development.

• Results may be affected by property transactions and interest rate developments.

Significant events and developments

• Acquired three new properties and completed four rooftop apartments in the first three quarters.

• Ongoing leasing and portfolio optimization efforts highlighted as key achievements.